UK to investigate Goldman Sachs

By Berni | April 22, 2010

Apr. 20 – Pressure grows on Goldman Sachs as details of fraud charges against it make European banks and regulators take a closer look at the U.S. biggest securities firm.

UK to investigate Goldman Sachs

true/false

  1. The FSA has accused Goldman Sachs of fraud.
  2. The UK announcement came after the US had already made accusations against the bank.
  3. Goldman Sachs is accused by the US regulators of misleading clients.
  4. The German Bank IKB has also made accusations about Goldman Sachs’ activity just before the banking crisis.
  5. IKB lost most of the money it had invested in Goldman Sachs in 2007.
  6. The bank will take legal steps against Goldman Sachs.
  7. The German financial regulator is following in the steps of the FSA.
  8. Two German banks saw reductions in their share prices this week.
  9. Investors welcome the investigations of the regulatory authorities.
  10. Goldman Sachs is expected to announce very large profits this week.

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